RAJESH KHANAL

1,200 MW Budhi Gandaki reservoir-based project and the 1,063 MW Upper Arun semi-reservoir-based project to be built with domestic investment

Due to the rise in NPLs, the banks have allocated an additional amount of Rs 11 billion for provisioning in the first three months of the current fiscal year (FY) as per the regulatory norm mandated by Nepal Rastra Bank (NRB).

Public debt-to-GDP ratio doubles to 44.61% in a decade

Tuesday’s hike was most likely the largest single-day price hike of the precious metal in the domestic market, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).

Despite sluggish credit expansion, BFIs posted a combined net profit of Rs 9.37 billion during mid-July to mid-August of the current fiscal year, down from Rs 10.16 billion in the same period a year earlier.

The records with the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA) show that the price of one tola of gold was set at Rs 157,300 a tola in mid-September last year. The price reached a historic high at Rs 217,100 per tola last Tuesday.

Ghising, a former Managing Director of the NEA, who was once dismissed after a dispute with the government over the recovery of the dues from the industries, has now assumed leadership of the Ministry of Energy, Water Resources, and Irrigation in the new government formed in the aftermath of the Gen...

Curbing corruption, reconstruction and collaborative works with the private sector will be among the priorities of the government, Khanal added.  

With losses mounting, both insurers and bankers warn the economic fallout from the Gen Z protests could rival some of Nepal’s worst crises in recent memory.

Eight foreign trip decisions among 24 cabinet decisions expose govt’s failure to implement austerity pledge.